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The Forum > Article Comments > Where is the plan, Syriza? > Comments

Where is the plan, Syriza? : Comments

By Fotis Kapetopoulos, published 9/4/2015

After almost 100 days in office Syriza isn't showing much of a plan to help Greece tackle its growing economic and bureaucratic problems

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Where is the plan indeed? What Greece needs is a miracle, not an economic plan.

Let us look at the brutal economic reality of Greece as a country:

No mineral resources to speak of and limited and very basic agriculture due to a lack of arable land. Therefore little of value to export.
Tourism seems to be the only way of attracting foreign currency.

Add to this an inefficient and widely abused social security and tax system and you have a recipe for economic disaster.

The past practise of putting an unsustainable standard of living on the credit card by continually increasing borrowings with no plan to repay or reduce those debts was irresponsible. Demanding that those debts be forgiven is unrealistic and downright dishonest. Why should the Germans or anyone else forgive those debts and saddle their taxpayers with the loss? They didn't create the problem.

Lacking the stomach to face reality and bring in real economic reform the Greeks have simply elected a bunch of clueless populists and buried their heads in the sand in the vain hope that their fools paradise will continue.

It won't.
Posted by madmick, Tuesday, 14 April 2015 11:37:17 AM
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